- XRP Jumps as Ripple, Coinbase Partner to Expand Access to RLUSD
- Affordable Energy Critical to Nigeria’s Climate, Economy- Presidency
- Oil Rises as Attacks on Saudi Energy Assets Raise Supply Concerns
- MTN Plans Large Data Centre in Nigeria – Mupita
- CBN to Consider Banks’ Challenges over Data Localisation
- Oyedele Defends Nigeria’s $21.7 Billion Borrowing Proposal
- UBA Breaks New Ground with Google Pay for Visa, Mastercard Users
- CBN Trims Interest Rates on Treasury Bills, Raises N71bn
Economy
Fitch Ratings has revised the outlook on Nigeria’s Long-Term Issuer Default Ratings (IDRs) to positive from stable and affirmed the IDRs at ‘B’.
Up by about $510 million in 2026, Nigeria’s foreign reserve hit its highest in the last 8 years, driven by an increase in crude oil production and relative commodity price stability.
The Nigerian Interbank Offered Rate (NIBOR), the benchmark interest rate for short-term, unsecured lending, rose as the Central Bank of Nigeria (CBN) monetary auctions triggered liquidity fluctuation in the money market last week.
Global Growth Outlook to Remain Stable Amidst Headwinds The latest global growth projections from the…
After Spot Rates Hike, DMO Reopens 7, 10-Year Bonds for Sale After the spot rates…
Gold prices hovered around $5,000 per ounce threshold on Friday as global tensions shifted investors’ attentions towards safe-haven assets, while the US dollar lost its allure.
Nigerian, Angolan, and Egyptian sovereign Eurobonds rallied in the international capital market, supported by enhanced optimism among foreign portfolio investors (FPIs).